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NASDAQ:MCRIMonarch Casino & Resort Stock Price, Forecast & News

$40.14
-0.08 (-0.20 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$38.26
Now: $40.14
$40.20
50-Day Range
$25.11
MA: $30.84
$40.69
52-Week Range
$12.83
Now: $40.14
$57.57
Volume153,043 shs
Average Volume147,859 shs
Market Capitalization$729.34 million
P/E Ratio27.88
Dividend YieldN/A
Beta1.45
Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. It also owns and operates the Monarch Casino Black Hawk in Black Hawk, Colorado. As of February 20, 2019, the company's Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 824 guest rooms; 8 food outlets; 2 espresso and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space. Its Atlantis Casino Resort Spa also featured approximately 1,450 slot and video poker machines; approximately 38 table games, including blackjack, craps, roulette, and others; a race and sports book; a 24-hour live keno lounge; and a poker room. In addition, the company's Monarch Casino Black Hawk featured approximately 30,000 square feet of casino space; approximately 740 slot machines; 14 table games; a 250-seat buffet-style restaurant; a snack bar; and a nine-story parking structure with approximately 1,350 spaces, as well as valet parking with a total parking capacity to 1,500 spaces. Monarch Casino & Resort, Inc. was founded in 1972 and is based in Reno, Nevada.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.93 out of 5 stars


Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
Current SymbolNASDAQ:MCRI
CUSIP60902710
Phone775-335-4600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$249.17 million
Cash Flow$2.86 per share
Book Value$18.93 per share

Profitability

Net Income$31.82 million

Miscellaneous

Employees2,300
Market Cap$729.34 million
Next Earnings Date7/22/2020 (Estimated)
OptionableOptionable

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Monarch Casino & Resort (NASDAQ:MCRI) Frequently Asked Questions

How has Monarch Casino & Resort's stock been impacted by COVID-19 (Coronavirus)?

Monarch Casino & Resort's stock was trading at $26.47 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MCRI shares have increased by 51.6% and is now trading at $40.14. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Monarch Casino & Resort?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Monarch Casino & Resort in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Monarch Casino & Resort.

When is Monarch Casino & Resort's next earnings date?

Monarch Casino & Resort is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Monarch Casino & Resort.

How were Monarch Casino & Resort's earnings last quarter?

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) posted its quarterly earnings results on Wednesday, April, 22nd. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.30 by $0.19. The company earned $51.01 million during the quarter, compared to analysts' expectations of $53.45 million. Monarch Casino & Resort had a return on equity of 9.39% and a net margin of 11.11%. View Monarch Casino & Resort's earnings history.

What price target have analysts set for MCRI?

4 analysts have issued twelve-month price objectives for Monarch Casino & Resort's stock. Their forecasts range from $38.00 to $58.00. On average, they anticipate Monarch Casino & Resort's share price to reach $47.00 in the next year. This suggests a possible upside of 17.1% from the stock's current price. View analysts' price targets for Monarch Casino & Resort.

Has Monarch Casino & Resort been receiving favorable news coverage?

Press coverage about MCRI stock has been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Monarch Casino & Resort earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutMonarch Casino & Resort.

Are investors shorting Monarch Casino & Resort?

Monarch Casino & Resort saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 975,400 shares, an increase of 13.2% from the April 30th total of 861,800 shares. Based on an average trading volume of 219,000 shares, the days-to-cover ratio is currently 4.5 days. Currently, 7.8% of the company's shares are short sold. View Monarch Casino & Resort's Current Options Chain.

Who are some of Monarch Casino & Resort's key competitors?

What other stocks do shareholders of Monarch Casino & Resort own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Monarch Casino & Resort investors own include Hawkins (HWKN), IBM (IBM), KEMET (KEM), Micron Technology (MU), United Rentals (URI), Gilead Sciences (GILD), Penn National Gaming (PENN), T-Mobile Us (TMUS), USANA Health Sciences (USNA) and AbbVie (ABBV).

Who are Monarch Casino & Resort's key executives?

Monarch Casino & Resort's management team includes the following people:
  • Mr. John Farahi, Co- Chairman, CEO & Sec. (Age 71)
  • Mr. Bob Farahi, Co-Chairman & Pres (Age 68)
  • Mr. Edwin S. Koenig, Chief Accounting Officer (Age 51)
  • Mr. David-Jacques Farahi, Chief Operating Officer (Age 37)
  • Mr. Richard L. Cooley, VP of Fin. and Treasurer (Age 72)

What is Monarch Casino & Resort's stock symbol?

Monarch Casino & Resort trades on the NASDAQ under the ticker symbol "MCRI."

Who are Monarch Casino & Resort's major shareholders?

Monarch Casino & Resort's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.65%), Park West Asset Management LLC (7.18%), JPMorgan Chase & Co. (5.34%), Wellington Management Group LLP (3.20%), State Street Corp (2.24%) and Waddell & Reed Financial Inc. (1.83%). View institutional ownership trends for Monarch Casino & Resort.

Which institutional investors are selling Monarch Casino & Resort stock?

MCRI stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Park West Asset Management LLC, BlackRock Inc., Invesco Ltd., Morgan Stanley, UBS Group AG, Parametric Portfolio Associates LLC, and Bank of New York Mellon Corp. View insider buying and selling activity for Monarch Casino & Resort.

Which institutional investors are buying Monarch Casino & Resort stock?

MCRI stock was bought by a variety of institutional investors in the last quarter, including Waddell & Reed Financial Inc., Wellington Management Group LLP, JPMorgan Chase & Co., Deutsche Bank AG, State Street Corp, Two Sigma Investments LP, Healthcare of Ontario Pension Plan Trust Fund, and Driehaus Capital Management LLC. View insider buying and selling activity for Monarch Casino & Resort.

How do I buy shares of Monarch Casino & Resort?

Shares of MCRI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Monarch Casino & Resort's stock price today?

One share of MCRI stock can currently be purchased for approximately $40.14.

How big of a company is Monarch Casino & Resort?

Monarch Casino & Resort has a market capitalization of $729.34 million and generates $249.17 million in revenue each year. The company earns $31.82 million in net income (profit) each year or $1.94 on an earnings per share basis. Monarch Casino & Resort employs 2,300 workers across the globe.

What is Monarch Casino & Resort's official website?

The official website for Monarch Casino & Resort is www.monarchcasino.com.

How can I contact Monarch Casino & Resort?

Monarch Casino & Resort's mailing address is 3800 S VIRGINIA STREET, RENO NV, 89502. The company can be reached via phone at 775-335-4600.

This page was last updated on 5/31/2020 by MarketBeat.com Staff

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